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Nubeva's CBR Project Commences Cybersecurity Token Pre-sales
Nubeva's CBR Project Commences Cybersecurity Token Pre-sales Canada NewsWire SEO...
About this update from Nubeva Technologies Ltd.
[{"type":"text","content":"\n\n\n\nNubeva's CBR Project Commences Cybersecurity Token Pre-sales\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSEOUL, South Korea, July 16, 2018\n\n\n\nSEOUL, South Korea, July 16, 2018 /CNW/ -- Nubeva Technologies Ltd. (\"Nubeva\" or the \"Company\") (TSX-V: NBVA, OTC: NBVAF), is pleased to announce that its wholly owned subsidiary, CBR Project Pte. Ltd. (\"CBR Project\") has commenced its offering (the \"Pre-Sales\") of rights to receive, for no additional consideration, future tokens (\"Future Token Interests\") as the initial step of its previously announced planned offering of CST cybersecurity service tokens (the \"Token Offering\"). The Token Offering will be undertaken in order to develop a best-of-breed cloud-based security network using Nubeva's Blockchain Routing IP platform to enable a broad consumer base to purchase these cloud-based security services (the \"Token Network\").  \n\n\n \n \n\n \nNubeva CEO Randy Chou said, \"Due to strong interest, we have decided to proceed beyond the initial phase of raising US $3 million and commence our second phase leading up to the Token Offering.\"\n\nNubeva has incorporated CBR Project, located in Singapore, to establish the Token Network and issue Cybersecurity Service Tokens. The use of proceeds of the Pre-Sales, originally announced on April 24, 2018, will be used to fund costs associated with the Token Offering, to enable the CBR Project to fund its purchase from Nubeva a limited purpose open source license for its Blockchain Routing IP software and to complete development of the Token Network. Nubeva made their Blockchain routing IP software available in April 2018, in connection with the development of the Token Network. \n\nSpeaking on July 13 from the Korean Blockchain Summit in Seoul where the CBR project received standout recognition, Chief Marketing Officer, Steve Perkins, stated, \"We are enthusiastic about the Token Network's potential to provide an important cybersecurity technology and cybersecurity consumption and distribution model to meet market d...